Payment example

Understanding the different types of loan programs and what their payments look like can be tricky. That is why we have included a few payment examples below.

Fixed Rate payment example:

Based on the rate of 4.000%, as of 10/22/2013, a real estate transaction with a purchase price of $300,000 down payment of 33.33% and loan amount of $200,000 would have 360 monthly principal and interest payments at $954.83. Payment amounts do not include taxes, insurance or mortgage insurance premiums. Therefore, if applicable, will result in a greater payment obligation.

5/1 ARM payment example:

This is a variable rate loan program, rates and monthly payment amounts are subject to increase after consummation. Based on the initial rate of 3.000%, as of 10/22/2013 and the current index and margin, a real estate transaction with a purchase price of $300,000 down payment of 33.33% and loan amount of $200,000 would have 60 initial monthly principal and interest payments at $843.21, followed by 12 monthly principal and interest payments at $843.21 and 288 monthly principal and interest payments at $843.21. Payment amounts do not include taxes, insurance or mortgage insurance premiums. Therefore, if applicable, will result in a greater payment obligation.

3/1 ARM payment example:

This is a variable rate loan program, rates and monthly payment amounts are subject to increase after consummation. Based on the initial rate of 2.875%, as of 10/22/2013 and the current index and margin, a real estate transaction with a purchase price of $300,000, down payment of 33.33% and loan amount of $200,000 would have 36 initial monthly principal and interest payments at $829.78, followed by 12 monthly principal and interest payments at $829.78 and 288 monthly principal and interest payments at $829.78. Payment amounts do not include taxes, insurance or mortgage insurance premiums. Therefore, if applicable, will result in a greater payment obligation.

Request More Information

Fill out this simple form below and a representative will be in touch with you shortly.
What Type of Loan Do You Need?*
State Property Is Located In*
First Name*
Last Name*
Email*
Phone*
Comments
You acknowledge and agree to receive only important notices and other communications electronically. You are also providing express consent to contact you through automated means e.g. autodialing, robocalls/robotexts and pre-recorded messaging on your telephone and mobile device including SMS and MMS and or email, even if your telephone number is currently listed on the National Do not Call List. Providing consent does not require you to purchase a mortgage from Box Home Loans. Consent may also be revoked at any time by emailing [email protected] or by contacting your loan representative.*
- TCPA Opt-in
You acknowledge and agree to receive only important notices and other communications electronically. You are also providing express consent to contact you through automated means e.g. autodialing, robocalls/robotexts and pre-recorded messaging on your telephone and mobile device including SMS and MMS and or email, even if your telephone number is currently listed on the National Do not Call List. Providing consent does not require you to purchase a mortgage from Box Home Loans. Consent may also be revoked at any time by emailing [email protected] or by contacting your loan representative.
Secure / No Obligation